U.S. tech stocks rebounded Thursday afternoon from early morning lows. The iShares U.S. Technology exchange-traded fund, which offers exposure to U.S. electronics, computer software, and hardware companies,
While Microsoft shares are up for the year, they've lagged the other Magnificent Seven gainers so far in 2024. Five members of the large technology grouping known as the Magnificent Seven have seen stock gains this year,
Shares of Microsoft (MSFT) have gone on an impressive run since the start of the year, steadily climbing from approximately $370 to $425, marking a nearly 15% increase in just four months. This surge has propelled the software giant to surpass Apple (AAPL) as the world's most valuable company by market capitalization.
Microsoft Corp. is certainly benefitting from artificial intelligence, but not to the degree of Nvidia Corp. That’s according to Melius Research analyst Ben Reitzes, who wrote recently that the March quarter was likely a “tweener” for many large technology companies like Microsoft.